enquiries@scripoworld.com
Города Риги, 1913 Восьмой Заемь 4½%
City of Riga, 1913 4½% Eighth Loan
Issued £1,322,740 (12,499,893 roubles) in February 1914. The city is now in Latvia.
Following an agreement in 1934, the principal was reduced by 40% (a £100 bond became £60) and the interest rate was reduced to 4%. Of the £1,281,840 outstanding in 1934, £1,267,080 was endorsed as assenting to the offer. Of the £14,760 remaining, only 2 £100 bonds are known to exist. The bonds went into default in 1940. There was a further settlement under the Foreign Compensation (USSR) Order 1969, whereby holders were offered redemption at £52.79 per bond.
1913
| REF. NO. | DENOMINATION | DESCRIPTION | NO.ISSUED | CONDITION | VALUE |
|---|---|---|---|---|---|
 |
|||||
| 101 | 189 roubles (£20) | reduced to £12, brown | 6137 #08542 |
VF | £50-60 |
 |
|||||
| 102 | 945 roubles (£100) | reduced to £60, blue | 6000 05989 |
GVF | £60-80 |
 |
|||||
| 102a | 945 roubles (£100) | unstamped, with original coupons | 2 known #06576 |
VF | £250-300 |
 |
|||||
| 103 | 4725 roubles (£500) | red | 600 | GVF | £300-400 |
 |
|||||
| 104 | 9450 roubles (£1000) | mauve | 300 | GVF | £600-800 |
Riga is now the capital of Latvia and the largest city in the Baltic States. Latvia gained independence from Russia in 1991.